Santos has reported a strong fourth quarter, increasing production to 22.3 million barrels of oil equivalent (boe), a 5 per cent rise from the previous quarter. The company’s full-year output reached 87.7 million boe, despite weather-related challenges in the Cooper Basin. Santos is an Australian oil and gas company.
Europe is set to receive some of its first shipments of Venezuelan oil in nearly a year after traders rolled out offers worldwide to sell cargoes at the behest of the Trump administration.
Azerbaijani President Ilham Aliyev met Russell Hardy, Chief Executive Officer of Vitol, on January 21 on the sidelines of the World Economic Forum in Davos, with discussions focusing on energy cooperation and supplies to Europe.
Azerbaijan’s state oil company SOCAR has signed an agreement with Italian Eni S.p.A. to acquire a 10% participating interest in the development project of the Baleine oil and gas field located offshore Côte d’Ivoire, Trend reports via SOCAR.
The world’s oil demand growth is set to rise by 930,000 barrels per day (bpd) in 2026, thanks to lower oil prices and a normalization of economies after the 2025 tariff chaos, the International Energy Agency (IEA) said on Wednesday, raising its demand growth estimate by 70,000 bpd from last month
The American Petroleum Institute (API) estimated that crude oil inventories in the United States saw a build of 3.04 million barrels in the week ending January 16. Crude oil inventories increased by 5.27 million barrels in the week prior.
Turkey’s state energy company is in talks with Chevron Corp to jointly explore for oil and gas, according to a Turkish official familiar with the discussions.
Western Midstream Partners LP (WES) announced Tuesday it has amended its natural gas gathering and processing contracts in the Delaware Basin with Occidental Petroleum Corp and expanded its partnership with ConocoPhillips in the same basin.
GNPC Explorco, the upstream exploration and production subsidiary of the Ghana National Petroleum Corporation (GNPC), is set to begin crude oil exploration in the Northern Region this year as part of efforts to expand Ghana’s energy sector and drive economic transformation.
Blackstone Inc. is in the early stages of weighing a sale of Beacon Offshore Energy, a Gulf of Mexico driller it’s owned for about a decade that could fetch more than $5 billion, according to people familiar with the matter.